Fed’s Daly: AI investment could lift demand and add to inflationary pressures, while productivity gains are disinflationary

Good afternoon and thank you for that kind introduction. And thank you to the Silicon Valley Leadership Group and to San Jose State University for having me here. I am looking ...

Our MASSIVE Trade Deal with Japan has just launched! Japan is now officially, and financially, moving forward with the FIRST set of Investments under its $550 BILLION Dollar Commitment to invest in the United States of America — part of our Historic Trade Deal to REVITALIZE the American Industrial Base, create HUNDREDS OF THOUSANDS of GREAT American Jobs, and strengthen our National and Economic Security like never before. Today, I am pleased to announce three TREMENDOUS Projects in the Strategic Areas of Oil & Gas in the Great State of Texas, Power Generation in the Great State of Ohio, and Critical Minerals in the Great State of Georgia. The scale of these projects are so large, and could not be done without one very special word, TARIFFS. The Gas Power Plant in Ohio (A State I won THREE TIMES!) will be the largest in History, the LNG Facility in the Gulf of America will drive Exports, and further our Country's Energy DOMINANCE, and our Critical Minerals Facility will end our FOOLISH dependance on Foreign Sources. America is building again. America is producing again. And America is WINNING again. This is a very exciting and HISTORIC time for the United States of America and Japan. Congratulations to all! Thank you for your attention to this matter!PRESIDENT DONALD J. TRUMP

DALY: WE HAVE 75 BASIS POINTS ROUGHLY TO GO UNTIL GET TO NEUTRAL FED'S DALY: NO HIRING, NO FIRING MAKES THE ECONOMY A LITTLE VULNERABLE. ...